Posts Tagged ‘Manipulate Prices’

Gold trading was halted for 20 seconds as the market tried to “reliquify” itself following what was a clear attempt to reprice the gold and silver complex lower – Ironically, this comes just as the London regulator is launching an investigation into London gold benchmark manipulation.

Gold dropped $25 in two minutes Friday morning a single massive sell order estimated to be worth a staggering $650 million, and professional traders are now pronouncing the sale a deliberate attempt to manipulate the market.

Expect market halting gold trading dumps to continue indefinitely, and certainly for the duration of the CFTC’s “shutdown”, which of course is helpful to those, like China, who continue to convert increasingly more diluted fiat into hard stores of value.